North Shore Cossie Club unit may be one to pot

5:00 AM Saturday February 20, 2016 Colin Taylor

An elevated view of the commercial unit for sale housing the North Shore Cosmopolitan Club at 65 Paul Matthews Rd, Albany – with property identified by a red border.

The North Shore Cosmopolitan Club in Albany is up for sale with vacant possession presenting an opportunity for a new owner to add value to the property.  

“The vendors are motivated to sell and are hoping for a quick settlement prior to the end of the financial year on March 31,” says Jon Whisker of NAI Harcourts who is marketing Unit 15 at 65 Paul Matthews Road for sale by tender closing at 4 pm on Thursday March 3.

Whisker says the two-level property is for sale with club facilities configured for a hospitality venue. It includes a commercial kitchen, fully operational bar area, dance floor, large open plan seating and dining area, big storage area and offices.

The 864 sq m commercial unit with a stratum in freehold title, comes with 25 car parks as accessory unit titles forming part of the ownership. 

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Interior view of the commercial unit within the North Shore Cosmopolitan Club premises. 

“The property is just 15 minutes from the Auckland CBD and only a few minutes from the Albany hub. It is situated in a busy commercial centre and located between well-developed residential suburbs and commercial zones,” Whisker says.

The building is constructed of tilt slab concrete walls and long run iron roofing and has a current Business 9 zoning with a proposed designation under the Proposed Auckland Unitary Plan of Light Industry.

Annual rates paid on the property in 2015-16 were $24,102 and the annual body corporate fee was $12,625 plus GST.

“This area of Auckland is receiving significant investor attention due to its closeness to the connection from the western State Highway 18 motorway through to the State Highway One north-south motorway,” Whisker says.

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Jon Whisker, NAI Harcourts.